Tag: NAVB

Blue Horseshoe Stocks: Options, Bottom-Plays & More

OPTIONS IDEAS

Wynn Resorts, Ltd. WYNN  – This play was part of a casino-related watchlist we put together at the beginning of this month, and it has essentially spent the last two weeks in a constant uptrend, culminating in a new 52-week high yesterday.

Despite having been in blue sky territory for so long, we’re still interested in setting a range of options calls to track over the next couple of sessions. The outlook on Macau gaming is bullish, and as a result, a lot of folks have casino stocks like this one on high alert. We’ll have the WYNN Weekly $108-110 Calls on watch today and tomorrow.

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Aerie Pharmaceuticals, Inc. AERI – We’ve got a news-related runner in AERI this morning, which is soaring in the premarket today on the heels of positive trial results for its eye pressure drug.

To be ready to take advantage of the intraday activity in this play, we’ll be monitoring the AERI Weekly $30 & $35 Calls for possible daytrade opportunities.

AMC Networks, Inc. AMCX

We’re interested in flagging AMCX today after noticing the stock has just fallen to a new annual low on Monday, and indeed its lowest prices since January of 2013.

In the ensuing two sessions, higher highs and higher lows have been achieved off of that bottom. The stock is heavily oversold at present, and we’re going to place it on a long-term recovery watch.

Axion Power International, Inc. AXPW

We’ve been awaiting a bottom on AXPW for quite some time now, and it appears to have finally come this week. Just like the above-mentioned play, the stock hit a new 52-week low on Monday, and has made some steady progress in making its way off of that bottom over the past couple sessions.

This stock was trading at the .03-level less than three weeks ago, and a return to that area on the chart would be good for multi-bag gains from current levels, so we’ll be continuing to keep a close eye on this one as well.

Extended Watchlist:
BSPM, NAVB, ACST, HOTR, BAS, ENRJ

Blue Horseshoe Stocks: Tuesday’s Winning Calls & More

Bottom Watchlist Updates

We rooted out three fresh bottom-bounce plays in yesterday’s premarket report, and got the continuing rebound action we were looking for in all three cases. The performance was enough to keep their spots on our radar for the time being.

Dynavax Technologies Corp. DVAX – To go along with the stock’s rebound (13.13-14.42, +10%), we formulated an options trading idea for the DVAX chain and those plays worked out very well. The DVAX 09/16 $12 and $13 Calls were our target contracts and both offered up the chance at some rapid intraday gains.

The $12’s made their way from a low of 1.40 up to 2.68 for a 91% push, and the $13’s far exceeded that with a move from .70 to 3.61. That was good for a multi-bag rip on the order of 416%
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ITT Educational Services, Inc. ESI – This one made a good, solid move to reinforce our idea that the stock was due for a nice rally. ESI traded in a range from .30-.48 on the day, representing a shot at single-session gains of up to 60%
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Eldorado Gold Corp. EGO– This one didn’t make a monstrous move, trading up from a low 3.48-3.71 (+7%), but it did maintain the majority of its advance. Our interest remains as long as the pattern of higher highs and higher lows is sustained.

Navidea Biopharmaceuticals, Inc. NAVB

The bottom-watchlist plays weren’t the only calls from yesterday’s report to go our way. The first in a pair of nice gainers off of our extended watchlist was NAVB. The stock traded up from an early low of .50, and made a 68% move en route to the high at .84.

The stock closed strong, just a few cents below the high at .8047 so we will want to continue monitoring it for signs of continued momentum.

Signal Bay Inc. SGBY

SGBY was the other runner from the watchlist, which included an intraday run from a penny up to .0159, a 59% pop. With a strong close at .0149, this play will remain on our list of interests as well.

Extended Watchlist:
EVOK, CLCD, AGIO, CRIS, APA

Blue Horseshoe Stocks: Bottom-Bounce Watchlist & More

Bottom-Bounce Watchlist

We’ve got a trio of potential bottom-plays hitting our scanner this morning, and as our regular readers are surely aware, we’re quite fond of bargain-basement prices. Our history is chock-full of solid recovery based gains.

Eldorado Gold Corp. EGO – This gold play showed up on our radar this morning after Friday saw the stock record a hint of a rise off of its lowest PPS since early April. As you can see on the included snapshot below, the chart is boasting an RSI that appears ready to come off of being oversold, with clear convergence on the MACD hinting at an impending bullish cross. We’ll place this one on watch for upcoming sessions as we kick off this short trading week.


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ITT Educational Services, Inc. ESI – This stock showed signs of life on Friday, coming up off of the new 52-week low it registered on Thursday. In addition to being egregiously oversold at this point, there is a monstrous gap on the chart from the low-.70’s on up to the 1.40 range. We’ll be looking for an eventual fill which would of course spell gains approaching 100%

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Dynavax Technologies Corp. DVAX – In a moderate morning gap-up, DVAX has already begun to regain some of the ground it lost on Friday following the FDA’s decision to delay its decision on the company’s hepatitis vaccine. No surprise, as the 30% selloff seemed a bit of an overreaction.

We’ll look for the rebound in progress to continue, and will remain interested provided it maintains support above this morning’s premarket low of 12.27. Bonus Options Idea: If the recovery unfolds as we suspect it might, we’ll be anxious to tracj the activity in the DVAX 09/16 $12 and $13 Calls.

Auscrete Corp. ASCK

We also want to provide a brief update on ASCK, a subpenny play which we placed on watch in Wednesday’s premarket report. After coming down to find support at .0023 the stock ultimately reached a new high of .0065 on Friday.

It marked an intraweek swing of 183% and qualified for a continued spot on our working watchlist.

Extended Watchlist:
NAVB, KGJI, SGBY, NAV, SPU